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Posted: **Tue Apr 26, 2022 11:16 am**

: Suppose The Demand For A Product Is Given By Q 20 2p 3ps Where Is The Price Of The Product And Ps Is The Price Of 1 (27.92 KiB) Viewed 45 times

Suppose the demand for a product is given by: Q = 20 - 2P+ 3Ps, where is the price of the product and Ps is the price of a substitute good. Assume Ps = $10. The cross price elasticity of demand assuming P = $8 equals: O A. 0.88 OB. 0.47 OC. 0.95 OD. -0.47 7 8 Next page co 6 5